GEPIC(SZ:000791)2025-06-18 09:02Group 1: Production and Financial Performance - The 5-6 units of Gansu Electric Power Changle Company are expected to commence power generation in the second half of 2025 [1] - For the fiscal year 2024, the company plans to distribute a cash dividend of 1.80 CNY per 10 shares, totaling approximately 583.89 million CNY [1] - In Q1 2025, the company achieved a net profit of 480 million CNY, reflecting a year-on-year increase of 31.59% [2] - The total power generation in Q1 2025 was 7.462 billion kWh, up from 7.196 billion kWh in the same period last year, marking an increase of 266 million kWh [2] Group 2: Installed Capacity and Project Development - As of the end of 2024, the company's total installed capacity was 7.5397 million kW, with 4 million kW from thermal power, 1.7002 million kW from hydropower, 1.1035 million kW from wind power, and 736,000 kW from solar power [3] - The company has several renewable energy projects in the pipeline, including a 6 million kW project in the Tengger Desert and a 1 million kW integrated wind-solar project in Minqin, which have received approval [3] Group 3: Competitive Advantages - The company operates the largest peak-shaving thermal power project in Northwest China, which supports the national "West-East Power Transmission" strategy [4] - The hydropower segment has a competitive edge in Gansu province, with stable long-term profitability less affected by economic cycles [4] - The solar and wind power facilities are strategically located in Gansu's Hexi region, known for its abundant solar and wind resources [4]